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Browsing ADEMU Working Papers Series by Subject "Debt maturity"

Browsing ADEMU Working Papers Series by Subject "Debt maturity"

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  • Rodríguez Mendizábal, Hugo (2017-01)
    What would be the effect of imposing a 100 percent reserve requirement to depository institutions? This paper contends that reserves do not compete with loans on the asset side of bank’s balance sheets. Thus, they only ...
  • Juggler, Joachim; Schott, Immo (2016-11)
    This paper introduces a maturity choice to the standard model of firm financing and investment. Longterm debt renders the optimal firm policy time-inconsistent. Lack of commitment gives rise to debt dilution. This problem ...

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